RiverPark Advisors LLC Boosts Holdings in The Walt Disney Company (NYSE:DIS)

RiverPark Advisors LLC grew its position in shares of The Walt Disney Company (NYSE:DIS) by 2.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,240 shares of the entertainment giant’s stock after purchasing an additional 643 shares during the period. Walt Disney makes up about 2.1% of RiverPark Advisors LLC’s investment portfolio, making the stock its 15th largest position. RiverPark Advisors LLC’s holdings in Walt Disney were worth $2,524,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. William B. Walkup & Associates Inc. purchased a new stake in shares of Walt Disney during the second quarter valued at approximately $32,000. Mascoma Wealth Management LLC increased its stake in shares of Walt Disney by 38.0% in the second quarter. Mascoma Wealth Management LLC now owns 443 shares of the entertainment giant’s stock worth $44,000 after buying an additional 122 shares during the last quarter. First PREMIER Bank increased its stake in shares of Walt Disney by 98.1% in the third quarter. First PREMIER Bank now owns 517 shares of the entertainment giant’s stock worth $50,000 after buying an additional 256 shares during the last quarter. Iron Horse Wealth Management LLC increased its stake in shares of Walt Disney by 148.7% in the second quarter. Iron Horse Wealth Management LLC now owns 557 shares of the entertainment giant’s stock worth $55,000 after buying an additional 333 shares during the last quarter. Finally, Livelsberger Financial Advisory bought a new stake in shares of Walt Disney in the third quarter worth $57,000. Hedge funds and other institutional investors own 65.71% of the company’s stock.

Analyst Ratings Changes

DIS has been the subject of a number of research analyst reports. Loop Capital lifted their price target on shares of Walt Disney from $120.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday. Piper Sandler initiated coverage on shares of Walt Disney in a research note on Wednesday, October 16th. They issued a “neutral” rating and a $95.00 price target for the company. Macquarie lifted their price target on shares of Walt Disney from $91.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday. Guggenheim lifted their price objective on shares of Walt Disney from $110.00 to $130.00 and gave the stock a “buy” rating in a report on Friday. Finally, Bank of America lifted their price objective on shares of Walt Disney from $120.00 to $140.00 and gave the stock a “buy” rating in a report on Friday. Five research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $123.57.

Walt Disney Price Performance

Shares of DIS opened at $115.08 on Friday. The company has a market capitalization of $208.71 billion, a price-to-earnings ratio of 42.46, a P/E/G ratio of 1.87 and a beta of 1.40. The Walt Disney Company has a fifty-two week low of $83.91 and a fifty-two week high of $123.74. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.73 and a quick ratio of 0.66. The business’s 50-day moving average is $95.57 and its 200-day moving average is $96.69.

Walt Disney Profile

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.